https://www.taxtmi.com/caselaws?id=784147 Whether consideration received on sale of an investment could be treated as "unexplained money" u/s 69A merely because the payer entity allegedly lacked creditworthiness was the dominant issue. The ITAT held that where the investment (equity shares) had been acquired in an earlier AY and the acquisition stood accepted by the Revenue without adverse inference, the corresponding sale in a subsequent year could not be doubted as non-genuine. It further affirmed that s. 69A applies only to money or assets not recorded in the assessee's books; here, the sale consideration was duly recorded. Consequently, the deletion of the addition was sustained and the Revenue's appeal was dismissed. en-us Tue, 26 Aug 2025 00:00:00 +0530 Tue, 30 Dec 2025 09:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784147 Whether consideration received on sale of an investment could be treated as "unexplained money" u/s 69A merely because the payer entity allegedly lacked creditworthiness was the dominant issue. The ITAT held that where the investment (equity shares) had been acquired in an earlier AY and the acquisition stood accepted by the Revenue without adverse inference, the corresponding sale in a subsequent year could not be doubted as non-genuine. It further affirmed that s. 69A applies only to money or assets not recorded in the assessee's books; here, the sale consideration was duly recorded. Consequently, the deletion of the addition was sustained and the Revenue's appeal was dismissed. Case-Laws Income Tax Tue, 26 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784147